Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry and Region - Global Forecast to 2024
[222 Pages Report] The global composites market size is projected to grow from USD 90.6 billion in 2019 to USD 131.6 billion by 2024, at a CAGR of 7.7% between 2019 and 2024. The composites industry is increasing due to the rise in the demand for high performance materials, globally.
The glass fiber composites to account for a significant of the composites market share, in terms of value and volume, during the forecast period
Glass fiber composites dominated the global composites industry in terms of volume and value. The glass fibers are high in demand as they are low cost and have superior physical & mechanical properties such as strength, durability, flexibility, stability, and lightweight. The glass fiber composites are used mostly in wind energy, pipes & tanks, electrical & electronics, and construction & infrastructure segments.
Thermoset composites are expected to account for a major share of the composites market in terms of value and volume during the forecast period.
Thermoset composites are durable and low on maintenance. Thermoset resins are also low in cost and have high performance properties; thus are in high demand. Thermoset composites are used widely in the transportation, aerospace & defense, marine, electricals & electronics, and wind energy end-use industries. The growth of these segments is expected to augment market growth.
The lay-up manufacturing process is expected to account for a major share of the composites market in terms of value and volume during the forecast period.
The choice of the composites manufacturing process largely depends on the shape and the dimensions of the structural components to be manufactured. The global composites industry is categorized into several segments based on manufacturing process, namely, lay-up, filament winding, injection molding, compression molding, RTM, pultrusion, and others. The lay-up process dominated the overall composites market in 2018, in terms of value and volume, due to the increased demand from wind energy, marine, and aerospace & defense end-use industries.
The transportation end-use industry is expected to have the largest share in the composites market.
The strength-to-weight ratio of most composites is higher than that of steel and aluminum. The saving in weight for a given level of strength makes the use of composites vital in the transportation industry. Environmental regulations regarding emission standards, specifically in North America, Europe, and China are the major driving factors behind the introduction of more lightweight and fuel-efficient composites in transportation.
APAC held the largest market share in the composites market.
APAC accounts for the largest market share in the composites industry owing to the growing economies of China and India, the presence of prominent players, and expanding transportation, wind energy, and construction & infrastructure industries. In APAC, China is projected to grow at the fastest rate during the forecast period. It is the largest market for composites in APAC. The economic growth of the nation is the main factor for the high consumption of composites. The transportation and construction & infrastructure industries are rapidly expanding in the country, thereby driving the demand for composites.
Key Market Players
The key players in the global composites market are Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), SGL Group (Germany), Nippon Electrical Glass Co. Ltd. (Japan), Koninklijke Ten Cate bv. (Netherlands), Huntsman International LLC. (US), and Solvay (Belgium). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the composites industry. The study includes an in-depth competitive analysis of these key players in the composites market, with their company profiles, recent developments, and key market strategies.
Scope of the Report
|
Report Metric |
Details |
|
Years Considered for the study |
20192024 |
|
Base year |
2018 |
|
Forecast period |
20192024 |
|
Units considered |
Value (USD Million), Volume (Kiloton) |
|
Segments |
Fiber Type, Resin Type, Manufacturing Process, End-use Industry and Region |
|
Regions |
Europe, North America, APAC, MEA, and Latin America |
|
Companies |
Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), SGL Group (Germany), Nippon Electrical Glass Co. Ltd. (Japan), Koninklijke Ten Cate bv. (Netherlands), Huntsman International LLC. (US), and Solvay (Belgium). |
This research report categorizes the composites market based on fiber type, resin type, manufacturing process, end-use industry, and region.
By Fiber Type:
- Glass Fiber Composites
- Carbon Fiber Composites
- Natural Fiber Composites
- Other Fiber Composites
By Resin Type:
- Thermoset Composites
- Thermoplastic Composites
By Manufacturing Process:
- Lay-up
- Filament Winding
- Injection Molding
- Pultrusion
- Compression Molding
- RTM
- Others
By end-use industry:
- Aerospace & defense
- Wind Energy
- Transportation
- Construction & Infrastructure
- Marine
- Pipe & Tank
- Electrical & Electronics
- Others
By region:
- North America
- Europe
- APAC
- MEA
- Latin America
Recent Developments
- In July 2019, Owens Corning announced the signing of a definitive agreement where it will acquire Saint-Gobains Reinforcement and Composites business for $640 million. This would build Owens Cornings position as a market leader in glass reinforcements and composites.
- In October 2017, Hexcel entered into a contract with UTC Aerospace Systems to supply advanced composites for various commercial aerospace programs. This helped the company to underscore its position as a leader in carbon fiber reinforcements in the commercial aerospace industry.
- In April 2018, Toray expanded the large tow carbon fiber production capacity at its US-based subsidiary, Zoltek Companies, Inc. They are also planning to increase the production capacity of Zolteks Hungarian and Mexican facilities. This will lead to Zolteks total annual production capacity of approximately 25,000 tons.
- In March 2017, Solvay launched a new innovative thermoset prepreg resin system SolvaLite 730, for high volume automotive applications.
- In March 2018, Hexcel entered into a partnership with Arkema for manufacturing carbon fiber-based thermoplastic composite solutions for the aerospace sector. This helped the company to become an industry leader in advanced composite thermoplastic technologies.
- In February 2019, Teijin acquired Renegade Materials Corporation, a supplier of highly heat-resistant thermoset prepreg for the aerospace industry in North America. This helped the company to solidify its position as a leading provider of solutions for aerospace applications.
Key Questions Addressed By The Report
- Which are the major end-use industries of composites?
- Which industry is the major consumer of composites?
- Which region is the largest and fastest-growing market for composites?
- What are the major types of composites?
- What are the major end-use industries of composites?
- What are the major strategies adopted by leading market players?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 21)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 24)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Supply Side Analysis
2.2.2 Segment Analysis
2.2.3 Forecast
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations
3 Executive Summary (Page No. - 31)
4 Premium Insights (Page No. - 36)
4.1 Attractive Opportunities in the Composites Market
4.2 Composites Market, By Manufacturing Process and Region
4.3 Composites Market, By End-Use Industry
4.4 Composites Market, By Fiber Type
4.5 Composites Market, By Resin Type
4.6 Composites Market, By Key Countries
5 Market Overview (Page No. - 39)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing use of Composites in Commercial Aircraft
5.2.1.2 Growing Demand for Lightweight Materials and Fuel-Efficient Vehicles From the Transportation Industry
5.2.1.3 Increase in the use of Carbon Fiber in Wind Blades
5.2.1.4 High Demand for Glass Fiber-Reinforced Composite Pipes in Sewage & Water Management and Oil & Gas Industries
5.2.1.5 Increasing use of Composites in the Construction & Infrastructure Applications
5.2.2 Restraints
5.2.2.1 Issues Related to Recycling
5.2.2.2 High Processing and Manufacturing Cost
5.2.2.3 Lack of Standardization in Manufacturing Technologies
5.2.3 Opportunities
5.2.3.1 Increasing Demand in Emerging Economies
5.2.3.2 High Demand for Environment-Friendly Electric Vehicles
5.2.3.3 Growing Adoption of Natural Composites
5.2.3.4 Penetration of Carbon Fiber Composites in New Applications
5.2.3.5 Reduction of Carbon Fibers Cost
5.2.3.6 High Demand for Glass Fiber-Reinforced Composite Pipes in the Emerging Economies
5.2.3.7 Increasing Awareness of OEMS Regarding Strict Government Regulations
5.2.4 Challenges
5.2.4.1 Developing Low-Cost Technologies
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 Macroeconomic Overview and Key Trends (Page No. - 49)
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Per Capita GDP Vs. Per Capita Composite Materials Demand
6.4 Trends in Wind Energy Industry
6.5 Trends in Aerospace Industry
6.6 Trends in Automotive Industry
6.7 Trends in Construction Industry
7 Composites Market, By Fiber Type (Page No. - 57)
7.1 Introduction
7.2 Glass Fiber Composites
7.2.1 Glass Fiber Composites Market, By Region
7.3 Carbon Fiber Composites
7.3.1 Carbon Fiber Composites Market, By Region
7.4 Natural Fiber Composites
7.4.1 Natural Fiber Composites Market, By Region
7.5 Others
7.5.1 Basalt Fiber Composites
7.5.2 Aramid Fiber Composites
7.5.3 Boron Fiber Composites
7.5.4 Hybrid Fiber Composites
7.5.5 Ultra-High-Molecular-Weight Polyethylene (UHMWPE)Fiber Composites
7.5.6 Other Fiber Composites Market, By Region
8 Composites Market, By Resin Type (Page No. - 67)
8.1 Introduction
8.2 Thermoset Composites
8.2.1 Epoxy Resin
8.2.2 Polyester Resin
8.2.3 Vinyl Ester Resin
8.2.4 Polyurethane Resin
8.2.5 Others
8.2.6 Thermoset Composites Market, By Region
8.3 Thermoplastic Composites
8.3.1 Polycarbonates (PC)
8.3.2 Polypropylene (PP)
8.3.3 Polyphenylene Sulfide (PPS)
8.3.4 Polyetherimide (PEI)
8.3.5 Polyetheretherketone (PEEK)
8.3.6 Polyamide (PA)
8.3.7 Others
8.3.8 Thermoplastic Composites Market, By Region
9 Composites Market, By Manufacturing Process (Page No. - 75)
9.1 Introduction
9.2 Lay-Up Process
9.2.1 Lay-Up Process: Composites Market, By Region,
9.3 Filament Winding Process
9.3.1 Filament Winding Process: Composites Market, By Region
9.4 Injection Molding Process
9.4.1 Injection Molding Process: Composites Market, By Region
9.5 Pultrusion Process
9.5.1 Pultrusion Process: Composites Market, By Region
9.6 Compression Molding Process
9.6.1 Compression Molding Process: Composites Market, By Region
9.7 Resin Transfer Molding (RTM) Process
9.7.1 RTM Process: Composites Market, By Region
9.8 Others
9.8.1 Other Processes: Composites Market, By Region
10 Composites Market, By End-Use Industry (Page No. - 86)
10.1 Introduction
10.2 Transportation
10.2.1 Composites Market Size in Transportation End-Use Industry, By Region
10.3 Aerospace & Defense
10.3.1 Composites Market Size in Aerospace & Defense End-Use Industry, By Region
10.4 Wind Energy
10.4.1 Composites Market Size in Wind Energy End-Use Industry, By Region
10.5 Construction & Infrastructure
10.5.1 Composites Market Size in Construction & Infrastructure End-Use Industry, By Region
10.6 Pipe & Tank
10.6.1 Composites Market Size in Pipe & Tank End-Use Industry, By Region
10.7 Marine
10.7.1 Composites Market Size in Marine End-Use Industry, By Region
10.8 Electrical & Electronics
10.8.1 Composites Market Size in Electrical & Electronics End-Use Industry, By Region
10.9 Others
10.9.1 Industrial
10.9.2 Healthcare
10.9.3 Sporting Goods
10.9.4 Composites Market Size in Other End-Use Industries, By Region
11 Composites Market, By Region (Page No. - 103)
11.1 Introduction
11.2 North America
11.2.1 North America: Composites Market, By End-Use Industry
11.2.2 North America: Composites Market, By Country
11.2.2.1 US
11.2.2.1.1 US: Composites Market, By End-Use Industry
11.2.2.2 Canada
11.2.2.2.1 Canada: Composites Market, By End-Use Industry
11.3 Europe
11.3.1 Europe: Composites Market, By End-Use Industry
11.3.2 Europe: Composites Market, By Country
11.3.2.1 Germany
11.3.2.1.1 Germany: Composites Market, By End-Use Industry
11.3.2.2 France
11.3.2.2.1 France: Composites Market, By End-Use Industry
11.3.2.3 UK
11.3.2.3.1 UK: Composites Market, By End-Use Industry
11.3.2.4 Italy
11.3.2.4.1 Italy: Composites Market, By End-Use Industry
11.3.2.5 Spain
11.3.2.5.1 Spain: Composites Market, By End-Use Industry
11.3.2.6 Russia
11.3.2.6.1 Russia: Composites Market, By End-Use Industry
11.3.2.7 Rest of Europe
11.3.2.7.1 Rest of Europe: Composites Market, By End-Use Industry
11.4 APAC
11.4.1 APAC: Composites Market, By End-Use Industry
11.4.2 APAC: Composites Market, By Country
11.4.2.1 China
11.4.2.1.1 China: Composites Market, By End-Use Industry
11.4.2.2 Japan
11.4.2.2.1 Japan: Composites Market, By End-Use Industry
11.4.2.3 India
11.4.2.3.1 India: Composites Market, By End-Use Industry
11.4.2.4 South Korea
11.4.2.4.1 South Korea: Composites Market, By End-Use Industry
11.4.2.5 Rest of APAC
11.4.2.5.1 Rest of APAC: Composites Market, By End-Use Industry
11.5 Middle East & Africa (MEA)
11.5.1 MEA: Composites Market, By End-Use Industry
11.5.2 MEA: Composites Market, By Country
11.5.2.1 UAE
11.5.2.1.1 UAE: Composites Market, By End-Use Industry
11.5.2.2 South Africa
11.5.2.2.1 South Africa: Composites Market, By End-Use Industry
11.5.2.3 Rest of MEA
11.5.2.3.1 Rest of MEA: Composites Market, By End-Use Industry
11.6 Latin America
11.6.1 Latin America: Composites Market, By End-Use Industry
11.6.2 Latin America: Composites Market, By Country
11.6.2.1 Brazil
11.6.2.1.1 Brazil: Composites Market, By End-Use Industry
11.6.2.2 Mexico
11.6.2.2.1 Mexico: Composites Market, By End-Use Industry
11.6.2.3 Rest of Latin America
11.6.2.3.1 Rest of Latin America: Composites Market, By End-Use Industry
12 Competitive Landscape (Page No. - 144)
12.1 Introduction
12.2 Competitive Leadership Mapping
12.2.1 Visionary Leaders
12.2.2 Dynamic Differentiators
12.2.3 Emerging Companies
12.2.4 Innovators
12.3 Strength of Product Portfolio
12.4 Business Strategy Excellence
12.5 Market Ranking
12.6 Competitive Scenario
12.6.1 Agreement
12.6.2 Contract
12.6.3 Expansion
12.6.4 New Product/Technology Launch
12.6.5 Partnership
12.6.6 Merger & Acquisition
12.6.7 Joint Venture
13 Company Profiles (Page No. - 162)
13.1 Owens Corning
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat From Competition, and Right to Win)*
13.2 Toray Industries, Inc.
13.3 Teijin Limited
13.4 Mitsubishi Chemical Holdings Corporation
13.5 Hexcel Corporation
13.6 SGL Group
13.7 Nippon Electric Glass Co. Ltd.
13.8 Koninklijke Ten Cate BV.
13.9 Huntsman International LLC.
13.10 Solvay
13.11 Hexion
13.12 E. I. Du Pont Nemours & Co.
13.13 Weyerhaeuser Company
13.14 Chongqing Polycomp International Corporation
13.15 Jushi Group Co., Ltd.
13.16 Taishan Fiberglass Inc.(CTG)
13.17 Other Players
13.17.1 BASF SE
13.17.2 Gurit
13.17.3 Dowaksa
13.17.4 Honeywell International Inc.
13.17.5 Renegade Materials Corporation
13.17.6 Kineco Kaman Composites India Private Limited
13.17.7 Henkel AG & Co. KGaA
13.17.8 UPM Biocomposites
13.17.9 Trex Company, Inc.
13.17.10 Gaffco Ballistics
13.17.11 Binani Industries Ltd.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat From Competition, and Right to Win Might Not be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 216)
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details
List of Tables (146 Tables)
Table 1 Eu: Co2 Emission Standards for New Passenger Cars
Table 2 Trends and Forecast of GDP, 20172024 (USD Billion)
Table 3 Per Capita GDP Vs. Per Capita Composite Materials Demand, 2019
Table 4 Wind Energy Installation, Mw (20172018)
Table 5 Market of New Airplanes, 2019-2038
Table 6 Automotive Production, Million Units (20142018)
Table 7 North America: Contribution of the Construction Industry to GDP, By Country, 20172024 (USD Billion)
Table 8 Europe: Contribution of the Construction Industry to GDP, By Country, 20172024 (USD Billion)
Table 9 APAC: Contribution of the Construction Industry to GDP, By Country, 20172024 (USD Billion)
Table 10 MEA: Contribution of the Construction Industry to GDP, By Country, 20172024 (USD Billion)
Table 11 Latin America: Contribution of the Construction Industry to GDP, By Country, 20172024 (USD Billion)
Table 12 Composites Market Size, By Fiber Type, 20172024 (USD Million)
Table 13 Composites Market Size, By Fiber Type, 20172024 (Kiloton)
Table 14 Glass Fiber Composites Market Size, By Region, 20172024 (USD Million)
Table 15 Glass Fiber Composites Market Size, By Region, 20172024 (Kiloton)
Table 16 Carbon Fiber Composites Market Size, By Region, 20172024 (USD Million)
Table 17 Carbon Fiber Composites Market Size, By Region, 20172024 (Kiloton)
Table 18 Natural Fiber Composites in Automotive Industry By Different Manufacturers
Table 19 Natural Fiber Composites Market Size, By Region, 20172024 (USD Million)
Table 20 Natural Fiber Composites Market Size, By Region, 20172024 (Kiloton)
Table 21 Other Fiber Composites Market Size, By Region, 20172024 (USD Million)
Table 22 Others Fiber Composites Market Size, By Region, 20172024 (Kiloton)
Table 23 Composites Market Size, By Resin Type, 20172024 (USD Million)
Table 24 Composites Market Size, By Resin Type, 20172024 (Kiloton)
Table 25 Thermoset Composites Market Size, By Region, 20172024 (USD Million)
Table 26 Thermoset Composites Market Size, By Region, 20172024 (Kiloton)
Table 27 Thermoplastic Composites Market Size, By Region, 20172024 (USD Million)
Table 28 Thermoplastic Composites Market Size, By Region, 20172024 (Kiloton)
Table 29 Comparative Study of Major Composite Manufacturing Processes
Table 30 Composites Market Size, By Manufacturing Process, 20172024 (USD Million)
Table 31 Composites Market Size, By Manufacturing Process, 20172024 (Kiloton)
Table 32 Lay-Up Process: Composites Market Size, By Region, 20172024 (USD Million)
Table 33 Lay-Up Process: Composites Market Size, By Region, 20172024 (Kiloton)
Table 34 Filament Winding Process: Composites Market Size, By Region, 20172024 (USD Million)
Table 35 Filament Winding Process: Composites Market Size, By Region, 20172024 (Kiloton)
Table 36 Injection Molding Process: Composites Market Size, By Region, 20172024 (USD Million)
Table 37 Injection Molding Process: Composites Market Size, By Region, 20172024 (Kiloton)
Table 38 Pultrusion Process: Composites Market Size, By Region, 20172024 (USD Million)
Table 39 Pultrusion Process: Composites Market Size, By Region, 20172024 (Kiloton)
Table 40 Compression Molding Process: Composites Market Size, By Region, 20172024 (USD Million)
Table 41 Compression Molding Process: Composites Market Size, By Region, 20172024 (Kiloton)
Table 42 RTM Process: Composites Market Size, By Region, 20172024 (USD Million)
Table 43 RTM Process: Composites Market Size, By Region, 20172024 (Kiloton)
Table 44 Others Processes: Composites Market Size, By Region, 20172024 (USD Million)
Table 45 Others: Composites Market Size, By Region, 20172024 (Kiloton)
Table 46 Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 47 Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 48 Cost Benefits of Composite Parts vs Steel Parts
Table 49 Composites Market Size in Transportation End-Use Industry, By Region, 20172024 (USD Million)
Table 50 Composites Market Size in Transportation End-Use Industry, By Region, 20172024 (Kiloton)
Table 51 Units of Electric Vehicles Sold, By Country (20152018)
Table 52 Number of New Commercial Airplane Deliveries, By Region (20192038)
Table 53 Carbon Fiber Consumption Per Aircraft, 2018 (Ton)
Table 54 Trend of Key Carbon Fiber Consuming Commercial Aircraft Production (20172024)
Table 55 Composites Market Size in Aerospace & Defense End-Use Industry, By Region, 20172024 (USD Million)
Table 56 Composites Market Size in Aerospace & Defense End-Use Industry, By Region, 20172024 (Kiloton)
Table 57 Breakdown of Materials Used in Wind Blade Manufacturing
Table 58 Composites Market Size in Wind Energy End-Use Industry, By Region, 20172024 (USD Million)
Table 59 Composites Market Size in Wind Energy End-Use Industry, By Region, 20172024 (Kiloton)
Table 60 Composites Market Size in Construction & Infrastructure End-Use Industry, By Region, 20172024 (USD Million)
Table 61 Composites Market Size in Construction & Infrastructure End-Use Industry, By Region, 20172024 (Kiloton)
Table 62 Composites Market Size in Pipe & Tank End-Use Industry, By Region, 20172024 (USD Million)
Table 63 Composites Market Size in Pipe & Tank End-Use Industry, By Region, 20172024 (Kiloton)
Table 64 Composites Market Size in Marine End-Use Industry, By Region, 20172024 (USD Million)
Table 65 Composites Market Size in Marine End-Use Industry, By Region, 20172024 (Kiloton)
Table 66 Composites Market Size in Electrical & Electronics End-Use Industry, By Region, 20172024 (USD Million)
Table 67 Composites Market Size in Electrical & Electronics End-Use Industry, By Region, 20172024 (Kiloton)
Table 68 Composites Market Size in Other End-Use Industries, By Region, 20172024 (USD Million)
Table 69 Composites Market Size in Other End-Use Industries, By Region, 20172024 (Kiloton)
Table 70 Composites Market Size, By Region, 20172024 (USD Million)
Table 71 Composites Market Size, By Region, 20172024 (Kiloton)
Table 72 North America: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 73 North America: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 74 North America: Composites Market Size, By Country, 20172024 (USD Million)
Table 75 North America: Composites Market Size, By Country, 20172024 (Kiloton)
Table 76 US: New Wind Energy Installations, 20102018 (Mw)
Table 77 US: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 78 US: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 79 Canada: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 80 Canada: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 81 Europe: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 82 Europe: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 83 Europe: Composites Market Size, By Country, 20172024 (USD Million)
Table 84 Europe: Composites Market Size, By Country, 20172024 (Kiloton)
Table 85 Germany: New Wind Energy Installations, 20102018 (Mw)
Table 86 Germany: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 87 Germany: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 88 France: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 89 France: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 90 UK: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 91 UK: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 92 Italy: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 93 Italy: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 94 Spain: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 95 Spain: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 96 Russia: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 97 Russia: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 98 Rest of Europe: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 99 Rest of Europe: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 100 APAC: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 101 APAC: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 102 APAC: Composites Market Size, By Country, 20172024 (USD Million)
Table 103 APAC: Composites Market Size, By Country, 20172024 (Kiloton)
Table 104 China: New Wind Energy Installations, 20102018 (Mw)
Table 105 China: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 106 China: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 107 Japan: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 108 Japan: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 109 India: New Wind Energy Installations, 20102018 (Mw)
Table 110 India: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 111 India: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 112 South Korea: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 113 South Korea: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 114 Rest of APAC: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 115 Rest of APAC: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 116 MEA: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 117 MEA: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 118 MEA: Composites Market Size, By Country, 20172024 (USD Million)
Table 119 MEA: Composites Market Size, By Country, 20172024 (Kiloton)
Table 120 UAE: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 121 UAE: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 122 South Africa: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 123 South Africa: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 124 Rest of MEA: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 125 Rest of MEA: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 126 Latin America: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 127 Latin America: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 128 Latin America: Composites Market Size, By Country, 20172024 (USD Million)
Table 129 Latin America: Composites Market Size, By Country, 20172024 (Kiloton)
Table 130 Brazil: New Wind Energy Installations, 20102016 (Mw)
Table 131 Brazil: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 132 Brazil: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 133 Mexico: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 134 Mexico: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 135 Rest of Latin America: Composites Market Size, By End-Use Industry, 20172024 (USD Million)
Table 136 Rest of Latin America: Composites Market Size, By End-Use Industry, 20172024 (Kiloton)
Table 137 Agreement, 20142019
Table 138 Contract, 20142019
Table 139 Expansion, 20142019
Table 140 New Product/Technology Launch, 20142019
Table 141 Partnership, 20142019
Table 142 Merger & Acquisition, 20142019
Table 143 Joint Venture, 20142019
Table 144 Wallet Share of Owens Corning From Business Revenue Mix
Table 145 Major Manufacturing Plants Location
Table 146 Key Customers
List of Figures (55 Figures)
Figure 1 Composites Market: Research Design
Figure 2 Market Number Estimation
Figure 3 Methodology: Total Composites Market
Figure 4 Composites Market: Data Triangulation
Figure 5 Glass Fiber to Dominate the Global Composites Market Between 2019 and 2024
Figure 6 Thermoset Composites Accounted for the Largest Market Share in 2018
Figure 7 Lay-Up Manufacturing Process Accounted for the Largest Share of the Composites Market in 2018
Figure 8 Aerospace & Defense Accounted for the Largest Market Share in 2018
Figure 9 APAC to be the Fastest-Growing Composites Market Between 2019 and 2024
Figure 10 High Demand From the Transportation Industry to Drive the Market
Figure 11 APAC Was the Largest Market and Lay-Up the Largest Manufacturing Process
Figure 12 Wind Energy Industry to Register the Highest CAGR During the Forecast Period
Figure 13 Glass Fiber Composites Segment Dominates the Composites Market
Figure 14 Thermoset Composites Segment Dominates the Composites Market
Figure 15 China to Register the Highest CAGR in the Composites Market During the Forecast Period
Figure 16 Drivers, Restraints, Opportunities, and Challenges in the Composites Market
Figure 17 Porters Five Forces: Composites Market
Figure 18 Trends and Forecast of GDP, 20192024 (USD Billion)
Figure 19 Per Capita GDP Vs. Per Capita Composite Materials Demand
Figure 20 Wind Energy Installed Capacity, Mw (20172018)
Figure 21 Trends of New Airplane Deliveries, By Region, 2019-2038
Figure 22 Automotive Production in Key Countries, Million Units (2017 Vs. 2018)
Figure 23 Glass Fiber Composites to Dominate the Composites Market
Figure 24 APAC to be the Largest Glass Fiber Composites Market
Figure 25 Thermoplastic Composites to Grow at a Higher CAGR
Figure 26 The Demand for Thermoset Composites is High in APAC
Figure 27 Lay-Up Manufacturing Process to Dominate the Market During the Forecast Period
Figure 28 Europe to Have the Largest Demand for Lay-Up Process
Figure 29 Aerospace & Defense Industry to Outpace Other End-Use Industries During the Forecast Period
Figure 30 APAC Composites Market to Register the Highest CAGR in the Transportation Industry During the Forecast Period
Figure 31 Market Share of Top Wind Turbine Manufacturers
Figure 32 China to be the Fastest-Growing Market
Figure 33 North America: Composites Market Snapshot
Figure 34 Europe: Composites Market Snapshot
Figure 35 APAC: Composites Market Snapshot
Figure 36 Expansion and Merger & Acquisition are the Key Growth Strategies Adopted Between 2014 and 2019
Figure 37 Composites Market: Competitive Leadership Mapping, 2018
Figure 38 Owens Corning: Company Snapshot
Figure 39 Owens Corning: SWOT Analysis
Figure 40 Toray Industries, Inc.: Company Snapshot
Figure 41 Toray Industries,Inc.: SWOT Analysis
Figure 42 Teijin Limited: Company Snapshot
Figure 43 Teijin Limited: SWOT Analysis
Figure 44 Mitsubishi Chemical Holdings Corporation: Company Snapshot
Figure 45 Mitsubishi Chemical Holdings Corporation: SWOT Analysis
Figure 46 Hexcel Corporation: Company Snapshot
Figure 47 Hexcel Corporation: SWOT Analysis
Figure 48 SGL Group: Company Snapshot
Figure 49 Nippon Electric Glass Co. Ltd.: Company Snapshot
Figure 50 Koninklijke Ten Cate BV.: Company Snapshot
Figure 51 Huntsman Corporation: Company Snapshot
Figure 52 Solvay: Company Snapshot
Figure 53 Hexion: Company Snapshot
Figure 54 E. I. Du Pont Nemours & Co.: Company Snapshot
Figure 55 Weyerhaeuser: Company Snapshot
The study involved two major activities in estimating the current size of the composites market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine the extent of market segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.
Primary Research
The composites market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of mainly the transportation, wind energy, aerospace & defense, construction & infrastructure end-use industries. Advancements in technology and diverse applications in various end-use industries describe the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total composites market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall composites market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, mainly from the transportation, wind energy, aerospace & defense, construction & infrastructure end-use industries.
Report Objectives
- To define, describe, and forecast the market size of the composites market, in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze and forecast the market based on fiber type, resin type, manufacturing process, and end-use industry
- To analyze and predict the market based on five regions, namely, Europe, North America, APAC, the MEA, and Latin America
- To strategically analyze micro markets concerning individual growth trends, prospects, and their contribution to the overall market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To strategically profile the key players and comprehensively analyze their market share and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of Rest of APAC composites market
- Further breakdown of Rest of Europe composites market
- Further breakdown of Rest of NA composites market
- Further breakdown of Rest of MEA composites market
- Further breakdown of Rest of Latin American composites market
Company Information
- Detailed analysis and profiling of additional market players (up to 10)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Composites Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
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